Ashtead takes over Canadian subsea firm

Ashtead has taken over Welaptega for an undisclosed sum
Ashtead has taken over Welaptega for an undisclosed sum

Aberdeenshire-based subsea specialist Ashtead Technology has taken over a Canadian underwater inspection firm

Welaptega was founded in 1990 and has become a market leader in mooring system inspection and integrity engineering.

Ashtead, headquartered in Westhill, did not disclose the value of the acquisition.

The firm said the deal “significantly strengthens” its subsea inspection capabilities.

Chief executive Allan Pirie said: “This is a significant step in the development of our IMR strategy, increasing our asset integrity service offering by adding innovative products, technology and capabilities which are aligned with our current business.

“Our customers now have access to a leading innovator in offshore asset inspection, engineering and integrity solutions. Our combined technical capabilities and advanced inspection technologies means we can offer a comprehensive integrity management service to support the performance and life extension of critical infrastructure.”

Welaptega CEO Tony Hall will continue to lead the business in Halifax, Nova Scotia.

He said: “Being part of the Ashtead Technology group will allow us to expand our existing capabilities and international footprint, giving us greater ability to address our customers’ growing asset integrity requirements.

“It also enables us to continue our successful history of R&D and invest in adjacent underwater inspection (UWI) applications. Our customers will now have access to a wider portfolio of products and services, resulting in a far more comprehensive solutions capability.”

Ashtead employs more than 130 staff across Bases in Aberdeen, Abu Dhabi, Houston, Halifax, London and Singapore.